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George Noorey
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George Noorey
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Business News


Markets were essentially flat yesterday as we had little news to move the markets.

In a good sign for future growth companies are building inventories.  US Wholesale Inventories rose 1.1% for the second straight month in April.  (Wall Street Journal)

There were 4.5 million open jobs in the US at the end of April, 300,000 more than the month before. Retail trade, arts, entertainment and recreation posted the strongest growth. (Reuters)

Could it be the death throes? Radio Shack posted a $98.3 million loss last quarter; more than triple what we saw the preceding quarter, as sales slid for the 9th straight quarter.  Radio Shack shares were down 22% in Tuesday’s trading. (Associated Press)

Consumer credit continued to climb to new record highs in April.  Student loans and auto financing fueled nonrevolving credit growth to an annual rate of 9.5%, the fastest growth since February 2013.  Credit card debt grew by a 12.5% annual rate, the fastest since February 2001. (Market Watch)

 

Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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